Webull becomes the first U.S. retail broker to enter Thailand
“We are excited to introduce Webull to Thailand, marking our expansion into the fifth market in the Asia-Pacific region.”
Webull has announced the launch of its retail brokerage services in Thailand, authorized by the Thai Securities and Exchange Commission.
Being the first U.S. retail broker to enter the Thailand market, the licensed financial services firm will offer local Thai investors opportunities to trade U.S-listed equities, ETFs, and options through the Webull app.
Going by the name of Webull Securities (Thailand) Company Limited, the subsidiary of Webull Corporation will also provide Thai retail investors with access to professional trading tools alongside access to robust risk management features for informed trading decisions and investments. These tools include charting tools, real-time quotes, and Webull’s stock screener.
Webull Corporation is the owner of the popular US trading platform and a technology-driven financial services firm that offers its discount brokerage model across the globe, namely in the United States, Hong Kong, Singapore, the United Kingdom, Australia, South Africa, Japan, Mexico, Canada, Brazil, Indonesia, and now Thailand.
Webull’s fifth market in the Asia-Pacific region
Chonladet Khemarattana, Chief Executive of Webull Thailand, said: “We are excited to introduce Webull to Thailand, marking our expansion into the fifth market in the Asia-Pacific region. This demonstrates the growing popularity of Webull’s trading platform across Asia. With Webull’s professional trading platform, we hope to empower Thai investors with the tools to invest in key global markets. In particular, we expect our superior trading tools, comprehensive market data, and educational materials to significantly lower the barriers to invest. With a growing and dynamic investor base in Thailand that is estimated to be around 2.6 million unique investors, we are confident that our tools and resources will enhance the way Thais invest and manage their financial goals.”
Webull Thailand secured its securities and derivatives brokerage license from the Thai Securities and Exchange Commission and obtained the official approval to operate on 4 April 2024.
While Webull Thailand’s offering will start with the most attractive market – U.S.listed securities, the discount broker will continue to innovate and offer new products and features in the coming months.
50% discount on commissions until 28 June
As part of its launch promotions during 10 May 2024 to 28 June 2024, Webull will offer a 50 percent discount on its commission rate from 0.10% to 0.05% for 180 days after the account opening date.
The new investor will also gain access to Nasdaq LV2 Real-time Quote, 50 Bids and Offers, up to 120 days as a free-trial. In addition, after deposit minimum THB 20,000 with 30-days holding period, the new investor will receive USD 5.5 trading voucher.
